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It's getting tough out there. Feeling the pinch?

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Comments

  • joedenise
    joedenise Posts: 17,837 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I've not got my private pension payslip yet but not expecting to get much, if any, increase because the personal allowance hasn't been changed so definitely means more tax will have to be paid.

  • dreaming
    dreaming Posts: 1,237 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Regarding tax codes and pension increases. I have today received a letter from my company pension provider stating that HMRC have issued some incorrect tax codes in March so provider has agreed not to implement these until revised notices have been issued. With the rise in both state and company pensions this is likely to mean that if affected I won't be paying enough tax until rectified. Not a major problem in itself but messes up my budget planning for a while until I can be sure of my monthly income. Might be worth keeping an eye on this in case it affects you.
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